Lenders’ freedom to transfer their participations in large leveraged loans has been gradually eroded by developments introduced through the last few credit cycles.
This market wrap covers the development of the transferability clause from the early 2000s through to post-crisis developments.
If you have any questions concerning this memorandum, please feel free to contact the authors or your regular contacts at the firm.
This Alert Memo was republished by the Columbia Law School Blue Sky Blog.